Tata Motors (TTM) Shares Gap Up to $15.94

Tata Motors Limited (NYSE:TTM) shares gapped up prior to trading on Monday . The stock had previously closed at $15.34, but opened at $15.94. Tata Motors shares last traded at $16.41, with a volume of 2030688 shares.

Several research analysts have issued reports on the stock. Bank of America lowered shares of Tata Motors from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Deutsche Bank restated a “hold” rating on shares of Tata Motors in a research report on Tuesday, March 26th. Nomura restated a “neutral” rating on shares of Tata Motors in a research report on Friday, February 8th. Finally, ValuEngine lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.00.

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.55 and a current ratio of 0.92. The stock has a market capitalization of $11.10 billion, a PE ratio of 7.11, a P/E/G ratio of -3.37 and a beta of 1.51.

Tata Motors (NYSE:TTM) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.31). Tata Motors had a positive return on equity of 3.13% and a negative net margin of 8.55%. The firm had revenue of $10.91 billion for the quarter, compared to analysts’ expectations of $11.03 billion. As a group, research analysts forecast that Tata Motors Limited will post 0.98 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Tata Motors during the 1st quarter worth approximately $174,000. Geode Capital Management LLC purchased a new position in Tata Motors during the 4th quarter worth approximately $236,000. Dimensional Fund Advisors LP grew its position in Tata Motors by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,018,715 shares of the company’s stock worth $12,431,000 after purchasing an additional 95,790 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Tata Motors by 40.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 54,900 shares of the company’s stock worth $668,000 after purchasing an additional 15,800 shares in the last quarter. Finally, Baker Avenue Asset Management LP purchased a new position in Tata Motors during the 4th quarter worth approximately $123,000. Hedge funds and other institutional investors own 7.62% of the company’s stock.

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About Tata Motors (NYSE:TTM)

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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